Found 2 blog entries tagged as Home Values.

As a top Realtor in Reno-Sparks, I am frequently asked about home values in Reno-Sparks, and the impact Tesla is having on our area.  The truth is, Tesla is already  having a tremendous impact on our area, and will likely continue for years to come.  Here are a few Tesla facts to consider:

  • Tesla will be hiring and relocating 6,700 workers to our area over the next 1-5 years
  • These Tesla hiring's will also create an additional 22,000 jobs in our area
  • Since Tesla was announced in 2014, home values in Reno-Sparks have already increased over 10%

What does this mean for Reno-Sparks residents and homeowners?  First off, I would say that if you are a renter, or if one of your family or friends is a renter, it is time to step into the American…

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At MyRenoSparksRealEstate.com, we want to be your resource for all things real estate.  Here is what is going on in today's local market. 

Homeowners have historically remained in their homes an average of six to seven years, however in 2014, research showed that time has increased to 10 years, according to Dave Hansen, 2015 president RSAR. This has created a lack of inventory within the Reno-Sparks market for existing-home sales.  Many would-be sellers have stayed put because they are nervous about leaving their low interest mortgage rates, and they also have been waiting for a spike in the value of their homes. 

 

Median Reno-Sparks Sales Price

  • February 2015 median price was up 5.2% to $265,000 compared to $252,000 in January 2015 and…

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